Labour and the deficit

A constant refrain from those who help make Labour party policy goes like this. I know what you economists say makes sense, but we tried tha...

No basis in economics

That was the claim about George Osborne’s plan to outlaw government deficits in normal times made in the letter signed by 79 economists. It...

Labour’s growing macroeconomic illiteracy

I’ve devoted many blogs to criticising George Osborne’s macroeconomics, so for the sake of variety this post turns to a senior member of the...

An interview that will never happen

Interviewer . Chancellor, in your Mansion House speech you said we must reduce government debt rapidly to prepare for an uncertain future. ...

Should we aim for budget surpluses?

Does it make sense to target a budget surplus in normal times within five years, as George Osborne suggested at the Mansion House last night...